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It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
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2021/06/02 Market Analysis

Authored by TD Markets
02.06.2021
Market Analysis
0
2 min

EURAUD

EURAUD is rejecting the support zone as well as the support trendline. The bulls are still in the market as seen by how corrective the market dropped. As such, an aggressive break and close above the supply zone will see the market rally to the upside.

EURGBP

EURGBP failed to break the support zone, instead it pushed higher. At the moment the market is sideways which can break in either direction. As such an aggressive break and close above the resistance trendline will see the market continue to the upside or a break and close below the support zone will see the market push lower.

GBPAUD

GBPAUD is testing the demand zone and the trendline where a continuation to the upside is likely. An aggressive rejection will confirm further bullish movement.

Authored by TD Markets
02.06.2021
Market Analysis
0
2 min

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